ULiterally, A goldmine for Uganda
In a move that could overhaul its economy, Uganda has discovered 31 million tonnes of gold following a series of surveys. According to the Ugandan government, the value of 31 million tonnes of gold ore stands at $12.8 trillion. an estimated 320,158 tonnes of refined gold could be extracted from the 31 million tonnesofore
Uganda Leases out Mining Rights to China
The Ugandan government has already licensed Chinese firm Wagagai Gold Mining Company to start production in Busia district. A tweet posted by the Uganda Investment Authority read: “Ground breaking ceremony of Busia’s gold mine project, largest gold deposit so far quantified in Uganda estimated @ 12.5 tonnes of mineable gold, investor Wagagai’s initial investment is USD50 million, 3,000 direct jobs.”
Chinese firm begins work
As per reports, the Chinese firm has invested $200 million in constructing a refining facility. According to the spokesperson of the Ministry of Energy and Mineral Development, Solomon Muyita, the Chinese-run firm expects to mine and start refining around 5,000 kg of gold a day in Busia by the end of the year.
Over 3,000 jobs to be generated
The tweet said refining gold locally can lead to the generation of 3,000 direct jobs and other opportunities. The government predicts that local mining can boost the country’s economy in a big way.
Is it the right decision to chose China?
As per reports, Ugandan President Yoweri Museveni has called for the local refinement of the discovered gold, calling any external refinery ‘criminal’
China Exploiting Ugandan Women
China’s exploitation is not limited to the exploitation of its workers, several cases of sexual abuse of local women have also been reported. Over a dozen single women in Uganda are struggling to raise children after the Chinese ‘fathers’ abandoned them, said the report.
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